Making America Beautiful Again by Improving Our National Parks

This executive order directs the Interior Secretary to increase national park entrance fees for foreign tourists while improving affordability and access for U.S. residents, revokes a 2017 Obama-era diversity and inclusion memorandum for public lands, and mandates review of recreational access rules with preferential treatment for American residents. It also requires full implementation of the National Parks and Public Land Legacy Restoration Fund and scrutiny of prior administration restrictions.

Federal Register Open PDF 90 FR 30201

Impact dates

Oct 1, 2025
Strategy to increase nonresident fees and improve recreational experience
Oct 1, 2025
Review of maintenance backlog and Legacy Restoration Fund implementation actions
Oct 1, 2025
Review of recreational access rules and rescission of unnecessary restrictions

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Other industrial

Mechanisms

TariffSubsidy / incentive

Role pressure

ProtectiveDomestic producer — US-based tourism service providers, concessionaires, and recreational operators may benefit from expanded visitor capacity and infrastructure investment; preferential resident access rules could reduce competition for limited permits from f
AdverseImporter — Foreign tourists face higher fees and potential permit/lottery disadvantages, reducing demand for cross-border tourism services and international travel packages to US parks
MixedProject developer — Expanded visitor capacity and infrastructure investment creates opportunities, but fee revenue dependence and potential international demand reduction create uncertainty

Geographies

US OTHER

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

MMM3MAAPLAppleCATCaterpillarFCXFreeport-McMoRanGEVGE VernovaHONHoneywellSPYSPDR S&P 500 ETF

Confidence: medium · Policy alerts

Key directives

Secretary of Interior shall develop strategy to increase nonresident entrance and recreation pass fees
Use increased fee revenue to improve federal recreational area infrastructure and access
Improve services and affordability for US residents visiting national parks
Work with Secretary of State to encourage international tourism to underutilized parks and outdoor areas
Review NPS maintenance backlog and fully implement Legacy Restoration Fund
Review and rescind recreational access rules that unnecessarily restrict recreation, especially from prior administration
Grant American residents preferential treatment under remaining recreational access rules including permitting/lottery rules

Who is ordered

Timeline

Immediate

Revocation of January 12 2017 Presidential Memorandum on diversity/inclusion in public lands
Directive to review and rescind recreation access rules from prior administration

Near term (90d)

Development of strategy to increase nonresident entrance/recreation pass fees
Review of National Park Service maintenance backlog
Review of all Interior recreational access rules and restrictions

Long term

Implementation of fee increases for nonresidents
Infrastructure investments using increased fee revenue
Full implementation of National Parks and Public Land Legacy Restoration Fund
Potential expansion of visitor capacity

Risks & tensions

Fee discrimination against nonresidents may trigger trade/tourism retaliation or WTO scrutiny
Preferential treatment for US residents in permitting/lottery systems may face equal protection challenges
Revocation of 2017 diversity memorandum signals cultural/political reversal
'Prior administration' targeting in Section 2(f) suggests partisan rulemaking vulnerability
Revenue dependence on foreign tourism creates fiscal risk if international visitation drops